LNot having adequate contractual liability protection can   increase your insurance expenses as well as your exposure to loss.  Greater exposure to loss can result in higher insurance premiums to offset that potential for loss.  And, quite importantly, contractual liability claims have the potential to threaten the viability of your business.

Most businesses have some degree of exposure to contractual liability claims.  For instance, your business may be at risk in all of the following examples: leasing a building; operating a wholesale or retail store, motel, restaurant, or manufacturing facility; hiring a contractor to perform equipment maintenance or repairs, remodel a building or add an addition; or having a vendor or salesperson visit your property.